The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More

The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More

The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More

This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More

Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More

Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More

Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More

The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More

In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More

Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More

Glencore has been informed by the US Commodity Futures Trading Commission (CFTC) that the company is under investigation for possible corrupt practices violating certain provisions of the Commodity Exchange Act and/or CFTC regulations.The latest CFTC probe comes after the company was subpoenaed last year by the US Department of Justice (DOJ) for documents relating to dealings in Nigeria, the Democ...Read More

PayPal revealed data on its Venmo service for investorsPayments specialists Visa Inc (NYSE:V) and PayPal Holdings Inc (NASDAQ:PYPL) are in focus this morning following the companies' quarterly reports, which have a number of analysts raising their outlooks on shares of V and PYPL. Let's take a closer look at the stocks.Visa reported a top- and bottom-line beat, and reaffirmed its 2019 outlook, wh...Read More

The company's first-quarter results arrived well below estimatesThe shares of 3M Co (NYSE:MMM) are slumping today, after the consumer products giant -- whose products include Post-it and Scotch Tape -- reported first-quarter adjusted profit of $2.23 per share on $7.86 billion in revenue, less than analysts were expecting. The company also lowered its 2019 earnings forecast, and said it's cutting 2...Read More

Lucara Diamond Corp has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said on Thursday, beating its own record discovery from November 2015 that it struggled to sell for nearly two years.The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces), it said in a statement. The stone is second in size o...Read More

Lucara Diamond Corp has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said on Thursday, beating its own record discovery from November 2015 that it struggled to sell for nearly two years.The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces), it said in a statement. The stone is second in size o...Read More

Brazilian miner Vale SA said on Wednesday it has filed a lawsuit in the United States to force BSG Resources Ltd (BSGR) to pay it about $1.25 billion, as mandated by an arbitrator in a dispute over a joint venture in Guinea, plus interest and expenses.Earlier this month, Vale said an arbitration court in London had ordered BSGR to pay $1.246 billion. The suit, filed in the U.S. District Court for...Read More

South Africa's Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less than originally proposed.Lonmin said Sibanye was offering an additional 0.033 Sibanye shares per Lonmin share in a deal to create the world's No.2 platinum producer. Sibanye had initially said in Decem...Read More

FB is pacing for its best day since JanuarySocial media giant Facebook, Inc. (NASDAQ:FB) is soaring in early trading, after the company reported a first-quarter profit beat. The company also mentioned it has set aside $3 billion to settle with U.S. regulators over data sharing, but could end up having to fork over up to $5 billion. Analysts have been far from shy to respond, with no fewer than 13...Read More

NBEV options are attractively priced, to bootNew Age Beverages Corp (NASDAQ:NBEV) is near the top of the Nasdaq this morning, up 5.6% to trade at $5.82, after the company announced the global launch of its cannabidiol (CBD) product portfolio. The range of products include CBD creams, lotions, and oils, and will be sold worldwide. New Age Beverages stock is on track for its best day since April...Read More

Microsoft has passed a $1 trillion market cap after last night's fiscal third-quarter earnings beatThe shares of tech giant Microsoft Corporation (NASDAQ:MSFT) are soaring today, after the company posted third-quarter earnings and revenue that exceeded analysts' expectations. The Dow stock has now surpassed a $1 trillion market cap, and the company is forecasting even more growth for its Azure clo...Read More

Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and prices for the red metal, sending shares down more than 9 percent.The results come amid a more than $15 billion project to expand Indonesia's Grasberg copper and gold mine from an open pit to an underground operation, a complex and time...Read More

Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and prices for the red metal, sending shares down more than 9 percent.The results come amid a more than $15 billion project to expand Indonesia's Grasberg copper and gold mine from an open pit to an underground operation, a complex and time...Read More

Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and prices for the red metal, sending shares down more than 9 percent.The results come amid a more than $15 billion project to expand Indonesia's Grasberg copper and gold mine from an open pit to an underground operation, a complex and time...Read More

Two decades ago, governments and utilities around the world began offering above-market rates and contracts to fuel the rise of clean energy, helping wind and solar become some of the cheapest power sources.Now, these pacts are under attack.In Canada, Ontario Premier Doug Ford killed hundreds of contracts for planned wind and solar farms. Spain pulled back subsidies, yanking the rug from projects...Read More

Newmont Goldcorp, the world's biggest gold miner, reported a higher-than-expected first-quarter profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices.At a time when easy-to-find gold reserves are dwindling, Newmont shored up its production pipeline through the $10 billion acquisition of Goldcorp Inc, which closed last week.Newmont Goldcorp did not provide...Read More

Newmont Goldcorp, the world's biggest gold miner, reported a higher-than-expected first-quarter profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices.At a time when easy-to-find gold reserves are dwindling, Newmont shored up its production pipeline through the $10 billion acquisition of Goldcorp Inc, which closed last week.Newmont Goldcorp did not provide...Read More

Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More

The Dow is set for a lower open after 3M's earningsDow Jones Industrial Average (DJI) futures are signaling a lower start following Post-it parent 3M's (MMM) shocking earnings report -- which has the blue-chip stock down 8% in electronic trading. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are trading above fair value on a positive earnings reaction for Facebook (FB), with the FA...Read More

Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More

Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More